NIPOF Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	37,133	32,390	25,504	13,926	9,502	9,604
Gain (Loss) on Sale of Assets (Rev)	2,346	-	-	-	3,259	3,343
Other Revenue	1,121	1,092	1,071	986.99	872.22	892
Total Revenue	40,600	33,481	26,575	14,913	13,634	13,839
Revenue Growth (YoY	36.94%	25.99%	78.20%	9.38%	-1.48%	-51.06%
Property Expenses	13,235	12,237	11,178	10,346	10,383	10,317
Selling, General & Administrative	17.4	17.4	17.7	17.4	17.4	17.4
Other Operating Expenses	304.3	210.02	212.41	195.02	236.57	322.71
Total Operating Expenses	13,557	12,464	11,408	10,558	10,637	10,657
Operating Income	27,043	21,017	15,166	4,354	2,997	3,182
Interest Expense	-2,373	-1,613	-1,182	-1,176	-1,242	-1,318
Interest & Investment Income	29.2	3.16	0.29	0.27	10.86	0.37
Other Non-Operating Income	-1,191	-898.4	-701.8	-454.09	-489.36	-498.16
EBT Excluding Unusual Items	23,509	18,509	13,283	2,725	1,276	1,366
Total Insurance Settlements	0.19	0.19	-	2.25	34.14	34.22
Asset Writedown	-304.48	-449.67	-159.61	-57.81	-16.68	-5.7
Other Unusual Items	1.14	213.97	11.86	3.53	4.23	133.54
Pretax Income	23,604	18,273	13,135	2,673	1,298	1,528
Income Tax Expense	1.21	1.21	1.21	1.21	1.21	1.21
Net Income	23,603	18,272	13,134	2,672	1,297	1,527
Net Income to Common	23,603	18,272	13,134	2,672	1,297	1,527
Net Income Growth	50.61%	39.12%	391.59%	106.03%	-15.08%	-90.01%
Basic Shares Outstanding	5	5	5	4	4	4
Diluted Shares Outstanding	5	5	5	4	4	4
Shares Change (YoY)	10.78%	7.77%	1.06%	0.02%	0.08%	0.62%
EPS (Basic)	4632.42	3755.72	2909.31	598.11	290.37	342.21
EPS (Diluted)	4632.42	3755.72	2909.31	598.11	290.37	342.21
EPS Growth	35.96%	29.09%	386.42%	105.98%	-15.15%	-90.08%
Dividend Per Share	3937.000	3937.000	3015.000	682.000	366.000	410.000
Dividend Growth	30.58%	30.58%	342.08%	86.34%	-10.73%	-88.89%
Operating Margin	66.61%	62.77%	57.07%	29.20%	21.98%	22.99%
Profit Margin	58.14%	54.57%	49.42%	17.92%	9.51%	11.03%
EBITDA	33,191	26,635	20,249	9,142	7,801	7,944
EBITDA Margin	81.75%	79.55%	76.20%	61.30%	57.22%	57.40%
D&A For Ebitda	6,147	5,618	5,083	4,788	4,804	4,762
EBIT	27,043	21,017	15,166	4,354	2,997	3,182
EBIT Margin	66.61%	62.77%	57.07%	29.20%	21.98%	22.99%
Effective Tax Rate	0.01%	0.01%	0.01%	0.04%	0.09%	0.08%
Revenue as Reported	40,600	33,481	26,575	14,913	13,634	13,839

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.